(CercleFinance.com) – The analyst believes that ‘the stock is finally on the right track but that there is still a long way to go. The 2023 results are in line with the objectives’. He remains neutral on the value but raises his price target to 75 E (compared to 70 E) which represents an upside potential of 9%.
‘Results are broadly in line for FY2023 and the confident outlook suggests a new strategy is gaining traction; but it is too early to be convinced of significant future profits’ indicates UBS.
‘With EPS for the 2023 financial year generally in line, we expect the consensus for the 2024E financial year to remain stable, with an increase in LSD with the company’s new guidance,’ adds the analysis office.
For 2024, Henkel anticipates an EPS increase of 5 to 20% (at constant exchange rates), an EBIT margin of 12 to 13.5%, as well as organic revenue growth of 2 to 4 %.
Copyright © 2024 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
